Short Interest in Sparta Commercial Services, Inc. (OTCMKTS:SRCO) Drops By 73.9%

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 12,000 shares, a decrease of 73.9% from the October 15th total of 45,900 shares. Based on an average daily volume of 15,200 shares, the short-interest ratio is presently 0.8 days.

Sparta Commercial Services Price Performance

Shares of OTCMKTS:SRCO remained flat at $0.30 on Wednesday. Sparta Commercial Services has a 12-month low of $0.07 and a 12-month high of $0.45. The firm has a 50-day moving average of $0.34 and a 200 day moving average of $0.25. The company has a market cap of $10.86 million, a price-to-earnings ratio of -7.50 and a beta of -0.69.

Sparta Commercial Services (OTCMKTS:SRCO) last posted its earnings results on Wednesday, August 14th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $0.04 million during the quarter.

About Sparta Commercial Services

Sparta Commercial Services, Inc develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for vehicle dealerships, racetracks, private clubs, country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types.